Top High Dividend Yield, Undervalued Auto Group Picks By The World's Largest Money Managers
By Ganaxi Small Cap Movers:The average automobile industry stock, as represented by the Global X Auto ETF (VROM), is up over 20% YTD. The improving economy and easing financing has bolstered growth in this sector. Furthermore, there is a resurgence of sorts in domestic automobile manufacturing, aided by strength in local markets, as well as rising exports.In this article, via an analysis based on the latest available Q4 institutional 13-F filings, we identify the auto group companies that are being accumulated and those being distributed by the world's largest fund managers, managing between $50 billion and over $700 billion in 13-F assets. Taken together, these mega fund managers control over 35% of the assets invested in the U.S. equity markets, but number just over 30 out of the tens of thousands of funds that invest in the U.S. equity markets. Also, taken together, they are bullish on the group, adding $1.46 billion inComplete Story »
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